Extraordinary General Meeting 12 December 2011

The Extraordinary General Meeting of Sandvik AB, held on 12 December 2011 in Stockholm, resolved, in accordance with the Board of Directors' proposal, to authorize the Board of Directors to resolve, on one or more occasions until 31 March 2012, to issue no more than 69,195,888 new shares in the company as consideration for Sandvik's acquisition of shares in Seco Tools AB under the public offer announced on 7 November 2011.

The authorization is thus limited to issues of shares against contribution in kind of Seco Tools shares.

The General Meeting also resolved, in accordance with the Board of Directors' proposal, that the Articles of Association be changed to the effect that the registered office of the Board be changed from Sandviken to Stockholm.